FX.co ★ EUR/USD wave analysis for May 21

EUR_USD during the second half of yesterday and opening of Asian session has continued the dynamic upward pullback. At the moment it looks as a correction in the framework of a declining trend. The inner configuration of the assumed correction has already formed a three-wave structure abc, having finished the equality of its waves a and c and it has managed to hit the upper trend line. Thus, if after the last uprise by five figures the descending trend will go on, a necessity to review the wave marking on the part of the decreasing trend between April 12 and May 19 will appear. Taking into account the stated above we can consider a possibility of the euro decline approximately from the reached levels or slightly above (1,2750).